SpaceX stock set for over 50% rise
Shares of SpaceX rose by 11% on the New York Stock Exchange, with gains surpassing 40% during its initial trading session, boosting its market value to over $2.5 trillion—close to Amazon's valuation of approximately $2.7 trillion. The company announced the activation of an additional allocation option in its initial public offering, increasing total earnings to around $86.2 billion after expenses, with individual investors' purchases equal to the entire U.S. stock market trading volume last week.
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